AT&T Inc. (T) Shares Bought by Xact Kapitalforvaltning AB

Xact Kapitalforvaltning AB raised its position in AT&T Inc. (NYSE:T) by 4.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,054,997 shares of the technology company’s stock after purchasing an additional 48,738 shares during the quarter. AT&T accounts for approximately 1.3% of Xact Kapitalforvaltning AB’s portfolio, making the stock its 11th largest position. Xact Kapitalforvaltning AB’s holdings in AT&T were worth $41,324,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Holderness Investments Co. grew its stake in shares of AT&T by 62.9% in the first quarter. Holderness Investments Co. now owns 96,452 shares of the technology company’s stock worth $4,008,000 after acquiring an additional 37,234 shares in the last quarter. Doyle Wealth Management grew its stake in shares of AT&T by 4.3% in the second quarter. Doyle Wealth Management now owns 37,561 shares of the technology company’s stock worth $1,417,000 after acquiring an additional 1,559 shares in the last quarter. Telos Capital Management Inc. grew its stake in shares of AT&T by 4.8% in the second quarter. Telos Capital Management Inc. now owns 69,994 shares of the technology company’s stock worth $2,641,000 after acquiring an additional 3,197 shares in the last quarter. Altfest L J & Co. Inc. grew its stake in shares of AT&T by 42.1% in the second quarter. Altfest L J & Co. Inc. now owns 45,618 shares of the technology company’s stock worth $1,721,000 after acquiring an additional 13,510 shares in the last quarter. Finally, Welch Investments LLC grew its stake in shares of AT&T by 9.3% in the second quarter. Welch Investments LLC now owns 109,245 shares of the technology company’s stock worth $4,122,000 after acquiring an additional 9,291 shares in the last quarter. 55.75% of the stock is currently owned by institutional investors.

In related news, Director Matthew K. Rose purchased 29,600 shares of AT&T stock in a transaction that occurred on Wednesday, October 25th. The stock was purchased at an average cost of $33.75 per share, with a total value of $999,000.00. Following the completion of the transaction, the director now directly owns 3,100 shares in the company, valued at $104,625. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.09% of the stock is owned by insiders.

T has been the subject of several research reports. SunTrust Banks restated a “hold” rating and issued a $36.00 price target on shares of AT&T in a research note on Friday, October 27th. Nomura dropped their price target on shares of AT&T to $42.00 and set a “buy” rating for the company in a research note on Tuesday, November 21st. Standpoint Research initiated coverage on shares of AT&T in a research note on Wednesday, November 8th. They issued a “buy” rating and a $40.00 price target for the company. Zacks Investment Research upgraded shares of AT&T from a “hold” rating to a “buy” rating and set a $43.00 price target for the company in a research note on Wednesday, October 11th. Finally, Vetr upgraded shares of AT&T from a “buy” rating to a “strong-buy” rating and set a $40.58 price target for the company in a research note on Monday, October 16th. One analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and eleven have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $42.83.

AT&T Inc. (NYSE T) opened at $38.89 on Thursday. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.60 and a current ratio of 1.60. The company has a market cap of $238,750.00, a price-to-earnings ratio of 18.70, a P/E/G ratio of 3.24 and a beta of 0.44. AT&T Inc. has a 12 month low of $32.55 and a 12 month high of $43.03.

AT&T (NYSE:T) last issued its earnings results on Tuesday, October 24th. The technology company reported $0.74 EPS for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.01). The firm had revenue of $39.67 billion for the quarter, compared to analyst estimates of $40.34 billion. AT&T had a return on equity of 14.49% and a net margin of 8.00%. The business’s revenue for the quarter was down 3.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.74 EPS. analysts expect that AT&T Inc. will post 2.92 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 1st. Investors of record on Wednesday, January 10th will be given a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, January 9th. This is a boost from AT&T’s previous quarterly dividend of $0.49. This represents a $2.00 dividend on an annualized basis and a yield of 5.14%. AT&T’s payout ratio is 94.23%.

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AT&T Company Profile

AT&T Inc is a holding company. The Company is a provider of communications and digital entertainment services in the United States and the world. The Company operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility and International. The Company offers its services and products to consumers in the United States, Mexico and Latin America and to businesses and other providers of telecommunications services worldwide.

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Institutional Ownership by Quarter for AT&T (NYSE:T)

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